|Snap Inc. (NYSE: SNAP) gained some momentum early in the week after unveiling their latest feature…the 3D Lens filter. This allows for your snapchat videos to have augmented reality images super imposed on the videos that is taken through Snap Chat. A nice feature when you want to make your snap chat video pop, but what about the investment?
Let’s look at the numbers shall we? Since Snap Chat went public, they have seen gains in their revenues, good news for Snap chat, on the other hand, they recorded a net loss of approximately 170 million dollars from last quarter and an overall accumulated deficit of upwards a whopping 1.2 Billion dollars, ouch! Despite the large amounts of losses, Snap Chat is happy to share that they have had a gross profit of 12 million in the 4th quarter of 2016, which is up from 420K from the previous quarter (Q3-2016) and with the release of their new feature, let’s see if next quarter will finish even stronger.
Snap Inc. is a camera company that reinvents the camera and offers people a great opportunity to improve people's live interactions. The company's products empower people to express themselves, live in the moment, learn about the world, and have fun together.